​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 80,000 (Eighty Thousand Saudi Riyals) on Saudi Indian Company for Co- operative Insurance due to its violation of clause (A) of Article (46) of the Capital Market Law and sub-clause (1) of clause (B) of Article (46) of the Listing Rules. The company failed to inform CMA and the public in a timely manner about its request from the Saudi Arabian Monetary Agency to increase its capital by way of rights issue worth (105,000,000) One Hundred and Five Million Saudi Riyals.